Express Catering Limited (ECL) Net Profit Grows 12% for Q1

• Net profit for the first quarter ended August 31, 2018, was US$938 thousand (EPS: ¢0.057), compared with US$834 thousand (EPS: ¢0.051), one year earlier. 
• The performance over the period was supported by a moderate growth in revenue and improvement in cost efficiency.
• Revenue grew by a modest 6.61% to US$4.06Mn relative to US$3.81Mn for the corresponding period in 2017.  At the same time operating expense ratio improved from 75.9% in 2017 to 74.7% in 2018.

Source: JSE, ECL Financials